Shrimp Analogue is Latest in Growing Range of Proprietary
Printer Capabilities; Has Potential to Reshape the $68 Billion Shrimp Industry
REHOVOT, Israel, Jan. 22,
2024 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq:
STKH), a leader in cultivated meat and 3D bioprinting technology,
is excited to announce that it has further expanded its 3D-printing
capabilities with the world's first plant-based, 3D-printed
shrimps, expertly designed to mimic the authentic texture and
flavor of conventional shrimps. The shrimps were precision-printed
on Steakholder Foods' proprietary DropJet printer, designed for
fish and seafood printing, using shrimp-flavored ink developed by
Steakholder Foods' food technology team. It is the latest addition
to the Company's portfolio of printed seafood products to be
offered to potential customers, on a plant (analogue) or
potentially hybrid (combination plant and cultivated) basis, as
economies of scale develop to enable price-competitive cell
development.
The shrimp market is worth more than USD
60 billion, and is projected to continue growing
substantially over the coming decade. With 7.6 million tons of
shrimp harvested in 2023, Steakholder Foods' heavy-duty production
printing solution aims to provide partners and customers with the
means to meet growing demand through high-volume, efficient, and
sustainable production, offering a practical and
environmentally-friendly alternative to traditional shrimp
farming.
Arik Kaufman, CEO of
Steakholder Foods, said: "By unveiling a second new species of
plant-based, 3D-printed seafood this month, we expect to position
Steakholder Foods to sell and deliver its first DropJet printer in
2024, offering partners and customers a unique opportunity to
benefit from the expanding global seafood market, while making the
right kind of impact on the environment."
About Steakholder Foods
Steakholder Foods Ltd. is an international deep-tech food
company at the forefront of the cultured meat revolution. The
company-initiated activities in 2019 and is listed on the Nasdaq
Capital Market under the ticker "STKH", with headquarters in
Rehovot, Israel.
The company is developing a slaughter-free solution for
producing cellular agriculture meat products, such as beef and
seafood, by offering manufacturers the ability to produce a
cultivated meat product that aims to closely mimic the taste,
texture, and appearance of traditional meat— as an alternative to
industrialized farming and fishing. With its membership in the UN
Global Compact, Steakholder Foods is committed to act in support of
issues embodied in the United Nations Sustainable Development Goals
(SDGs) which include strengthening food security, decreasing carbon
footprint, and conserving water and land resources.
For more information, please visit:
https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements
concerning Steakholder Foods' business, operations and financial
performance and condition as well as plans, objectives, and
expectations for Steakholder Foods' business operations and
financial performance and condition. Any statements that are not
historical facts may be deemed to be forward-looking statements.
Forward-looking statements reflect Steakholder Foods' current views
with respect to future events and are based on assumptions and
subject to known and unknown risks and uncertainties, which change
over time, and other factors that may cause Steakholder Foods'
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and are typically identified
with words such as "may," "could," "should," "will," "would,"
"believe," "anticipate," "estimate," "expect," "aim," "intend,"
"plan" or words or phases of similar meaning and include, without
limitation, Steakholder Foods' expectations regarding the success
of its cultured meat manufacturing technologies it is developing,
which will require significant additional work before Steakholder
Foods can potentially launch commercial sales; Steakholder Foods'
research and development activities associated with technologies
for cultured meat manufacturing, including three-dimensional meat
production, which involves a lengthy and complex process;
Steakholder Foods' ability to obtain and enforce its intellectual
property rights and to operate its business without infringing,
misappropriating, or otherwise violating the intellectual property
rights and proprietary technology of third parties; and other risks
and uncertainties, including those identified in Steakholder Foods'
Annual Report on Form 20-F for the fiscal year ended December 31, 2022, filed with the Securities and
Exchange Commission on April 4,
2023. New risks and uncertainties may emerge from time to
time, and it is not possible for Steakholder Foods to predict their
occurrence or how they will affect Steakholder Foods. If one or
more of the factors affecting Steakholder Foods' forward-looking
information and statements proves incorrect, then Steakholder
Foods' actual results, performance or achievements could differ
materially from those expressed in, or implied by, forward-looking
information and statements contained in this press release.
Therefore, Steakholder Foods cautions you not to place undue
reliance on its forward-looking information and statements.
Steakholder Foods disclaims any duty to revise or update the
forward-looking statements, whether written or oral, to reflect
actual results or changes in the factors affecting the
forward-looking statements, except as specifically required by
law.
Press
Contact:
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Investor
Contacts:
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Maissa
Dauriac
Rainier Communications mdauriac@rainierco.com
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Steakholder Foods
Investors@steakholderfoods.com
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SOURCE Steakholder Foods Ltd.